Economy

Focus for law firms: Clients, clients, clients

December 2, 2015
Dave Stafford
Law firms large and small face similar challenges – keeping costs down and quality high while also finding ways to sustain and grow the business.
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Survey finds widespread professional satisfaction, little encouragement to pursue career in law

December 2, 2015
Dave Stafford
Life’s not bad being a lawyer. Work is satisfying, there’s time for life outside work, and the pay is good. But I wouldn’t recommend it. Those contradictions in lawyers’ prevailing attitudes were revealed in Indiana Lawyer's Practicing Law in Indiana survey.
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Chief legal officers: cost pressures biggest issue

November 10, 2015
Jennifer Nelson
Chief legal officers say internal and external cost pressures were their biggest concern in managing their law departments this year, according to survey results released Tuesday by Altman Weil.
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Panel: Indiana's economy to grow at slightly faster rate

November 5, 2015
 Associated Press, IBJ Staff
Indiana's economy will grow at a slightly faster rate next year and into 2017 even as the state faces challenges from weakening international markets, Indiana University economists said Thursday in their annual forecast.
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Can an on-demand lawyer startup transform the legal business?

November 5, 2015
 Bloomberg News
John Suh is convinced that he can put lawyers back to work. In the past decade, the number of working lawyers has fallen by more than 50,000. Solo practitioners, the mom-and-pop shops of jurisprudence, have been in a death spiral for even longer.
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Pence decides to pay off federal unemployment loan

October 22, 2015
 Associated Press, IBJ Staff
Gov. Mike Pence on Thursday morning announced that the state would use about $250 million from Indiana's surplus to finish paying back the federal government for a loan the state took out to pay unemployment benefits during the recession.
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Forgiving student debt

October 21, 2015
Marilyn Odendahl
The American Bar Association launched a campaign in response to proposed changes to federal loan forgiveness and repayment programs.
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Indiana programs help public sector attorneys with loans

October 21, 2015
Marilyn Odendahl
Along with the government repayment and forgiveness programs designed to help new attorneys in the public sector pay their student loans, law schools and bar associations have established similar programs.
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Confidence levels remain muted, partners say

October 14, 2015
 Bloomberg News
If there’s optimism among law firm managing partners, it’s muted at best.
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Record pace for US law firm combinations continues

October 12, 2015
 Bloomberg News
Law firm mergers show no signs of abating. That’s the takeaway from a report from legal consultant Altman Weil Inc., which tracks the number of combinations -- both large and small – among firms.
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Total legal spending up 2 percent, survey says

October 12, 2015
 Bloomberg News
Total legal spending is up slightly – by 2 percent – according to HBR Consulting’s 2015 Law Department Survey. But, not surprisingly, outside counsel spending is flat compared with last year.
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Survey reveals managing partners’ economic mood is muted

July 28, 2015
 Bloomberg News
Managing partners at the end of 2014 expressed renewed economic confidence. The mood seems less rosy now, according to the latest survey by the Law Firm Group at Citi Private Bank.
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Pensions vex as ranks of retired partners grow

June 25, 2015
 Bloomberg News
The funding of pension plans remains problematic for many employers, and on June 17 the federal government named well-known attorney and mediation maven Kenneth Feinberg to supervise a new program that allows some pension funds to cut retiree benefits.
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‘No relief’ for law school enrollment slump

February 25, 2015
IBJ Staff, J.K. Wall
After three down years for law school enrollment, Austen Parrish expected a rebound of applications and enrollment this year at Indiana University Maurer School of Law. But it isn’t happening.
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Rising cost of legal education sparked creation of ABA task force

February 25, 2015
Marilyn Odendahl
At public law schools, the average tuition and fees across the country for in-state residents skyrocketed 123 percent between 2003 and 2013. Private law schools were marginally better, logging an increase of 64 percent, according to a 2014 analysis by Robert Kuehn, professor at Washington University School of Law in St. Louis.
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The first 2 law schools to drop the LSAT could be just the beginning

February 24, 2015
 Bloomberg News
Two law schools said this month that they would begin accepting applicants who have not taken the Law School Admissions Test, a move that may help curb weak interest and plunging enrollments in law schools across the country.
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Funding short for Indianapolis-area jail literacy program

February 16, 2015
 Associated Press
A program that provides literacy instruction to inmates in Indianapolis-area jails is having funding problems and organizers of the nonprofit Indy Reads have said its future is uncertain.
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Indiana bills to increase minimum wage go unheard

February 11, 2015
Dave Stafford
More than half of states in the U.S. have enacted laws increasing their minimum wages above the federal standard of $7.25 an hour, but the Indiana Legislature won’t even discuss it.
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Law firms see overhead costs shift during past 25 years

January 28, 2015
Marilyn Odendahl
All the modern devices and technology used by law firms these days come at a high cost and are often among the top firm expenses, according to managing partners.
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Once controversial, IOLTA is now professional standard in Indiana

January 14, 2015
Marilyn Odendahl
Indiana Supreme Court posed an obstacle in 1990 to getting the program launched to fund pro bono efforts.
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NDLS loan repayment program growing in dollars and applications

October 20, 2014
Marilyn Odendahl
Notre Dame Law School’s program to assist its graduates who pursue careers in the public service sector has reached the $1 million milestone.
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Indiana cuts some public audits over shortages

October 13, 2014
 Associated Press
The State Board of Accounts no longer is auditing the financial records of Indiana libraries, conservancy districts, some public school accounts, and small towns and townships, its leader says.
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Millions more sought for representation of juveniles

October 8, 2014
Dave Stafford
The money is needed for guardians ad litem and court appointed special advocates, and to pay for the new rule requiring defenders in delinquency cases.
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Maximizing paralegal roles to get money's worth

October 8, 2014
Marilyn Odendahl
An Indiana State Bar Association panel examines ways firms can delegate work to paralegals to increase efficiency and profitability.
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Closure of Indiana juvenile boot camp put on hold

September 10, 2014
 Associated Press
State officials are delaying the closure of a paramilitary-style boot camp for juvenile offenders in northwestern Indiana.
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  1. Whilst it may be true that Judges and Justices enjoy such freedom of time and effort, it certainly does not hold true for the average working person. To say that one must 1) take a day or a half day off work every 3 months, 2) gather a list of information including recent photographs, and 3) set up a time that is convenient for the local sheriff or other such office to complete the registry is more than a bit near-sighted. This may be procedural, and hence, in the near-sighted minds of the court, not 'punishment,' but it is in fact 'punishment.' The local sheriffs probably feel a little punished too by the overwork. Registries serve to punish the offender whilst simultaneously providing the public at large with a false sense of security. The false sense of security is dangerous to the public who may not exercise due diligence by thinking there are no offenders in their locale. In fact, the registry only informs them of those who have been convicted.

  2. Unfortunately, the court doesn't understand the difference between ebidta and adjusted ebidta as they clearly got the ruling wrong based on their misunderstanding

  3. A common refrain in the comments on this website comes from people who cannot locate attorneys willing put justice over retainers. At the same time the judiciary threatens to make pro bono work mandatory, seemingly noting the same concern. But what happens to attorneys who have the chumptzah to threatened the legal status quo in Indiana? Ask Gary Welch, ask Paul Ogden, ask me. Speak truth to power, suffer horrendously accordingly. No wonder Hoosier attorneys who want to keep in good graces merely chase the dollars ... the powers that be have no concerns as to those who are ever for sale to the highest bidder ... for those even willing to compromise for $$$ never allow either justice or constitutionality to cause them to stand up to injustice or unconstitutionality. And the bad apples in the Hoosier barrel, like this one, just keep rotting.

  4. I am one of Steele's victims and was taken for $6,000. I want my money back due to him doing nothing for me. I filed for divorce after a 16 year marriage and lost everything. My kids, my home, cars, money, pension. Every attorney I have talked to is not willing to help me. What can I do? I was told i can file a civil suit but you have to have all of Steelers info that I don't have. Of someone can please help me or tell me what info I need would be great.

  5. It would appear that news breaking on Drudge from the Hoosier state (link below) ties back to this Hoosier story from the beginning of the recent police disrespect period .... MCBA president Cassandra Bentley McNair issued the statement on behalf of the association Dec. 1. The association said it was “saddened and disappointed” by the decision not to indict Ferguson police officer Darren Wilson for shooting Michael Brown. “The MCBA does not believe this was a just outcome to this process, and is disheartened that the system we as lawyers are intended to uphold failed the African-American community in such a way,” the association stated. “This situation is not just about the death of Michael Brown, but the thousands of other African-Americans who are disproportionately targeted and killed by police officers.” http://www.thestarpress.com/story/news/local/2016/07/18/hate-cops-sign-prompts-controversy/87242664/

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